Aussie gold stocks fall as bullion prices drop on firmer dollar

Pantoro Gold

25/05/2023 01:51

** Australian gold stocks  .AXGD  fall as much as 2.3% to
their lowest level since April 4
    ** Gold prices slipped on Wednesday as the dollar firmed,
cutting some safe-haven flows into bullion from the looming risk
of a U.S. debt default  GOL/ 
    ** Newcrest Mining  NCM.AX , the country's largest gold
miner, down as much as 1.7% to A$26.13
    ** Gold producer Pantoro Ltd  PNR.AX  leads losses on AXGD,
down as much as 5.6% to A$0.067
    ** Northern Star Resources  NST.AX  falls as much as 2.4% to
A$12.77, their lowest since April 4
    ** The AXGD sub-index up 18.4% this year, as of last close,
vs a 2.5% gain in the benchmark index  .AXJO 
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))